Mike Selig says the CFTC is expanding data-sharing with major U.S. sports leagues, suing several states over listed sports event derivatives, and coordinating with the SEC on prediction-market-related ETFs.
CFTC Chair Mike Selig said the agency is consulting with nearly all major U.S. professional sports leagues to expand data-sharing and monitor insider trading in sports event contracts. He also said the CFTC has sued several states—described as about five or six in his remarks—arguing that sports-linked contracts should be regulated as derivatives rather than treated as simple betting products, highlighting a jurisdictional dispute over listed event derivatives. In addition, Selig said the agency is coordinating with the SEC on ETFs connected to prediction markets. His comments point to broader federal scrutiny of event-based contracts, including market integrity, information asymmetry, and the boundary between derivatives regulation and gambling-style oversight.